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Click Here for the Current Fed Funds Target Rate - |
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Click Here for the Fed Funds Target Rate CHART - |
Change Date |
Rate (%) |
January 1, 1990 |
8.25 |
July 13, 1990 |
8.00 |
October 29, 1990 |
7.75 |
November 14, 1990 |
7.50 |
December 7, 1990 |
7.25 |
December 19, 1990 |
7.00 |
January 8, 1991 |
6.75 |
February 1, 1991 |
6.25 |
March 8, 1991 |
6.00 |
April 30, 1991 |
5.75 |
August 6, 1991 |
5.50 |
September 13, 1991 |
5.25 |
October 10, 1991 |
5.00 |
November 6, 1991 |
4.75 |
December 11, 1991 |
4.50 |
December 20, 1991 |
4.00 |
April 9, 1992 |
3.75 |
July 2, 1992 |
3.25 |
September 4, 1992 |
3.00 |
February 4, 1994 |
3.25 |
March 22, 1994 |
3.50 |
April 18, 1994 |
3.75 |
May 17, 1994 |
4.25 |
August 16, 1994 |
4.75 |
November 15, 1994 |
5.50 |
February 1, 1995 |
6.00 |
July 6, 1995 |
5.75 |
December 19, 1995 |
5.50 |
January 31, 1996 |
5.25 |
March 25, 1997 |
5.50 |
September 29, 1998 |
5.25 |
October 15, 1998 |
5.00 |
November 17, 1998 |
4.75 |
June 30, 1999 |
5.00 |
August 24, 1999 |
5.25 |
November 16, 1999 |
5.50 |
February 2, 2000 |
5.75 |
March 21, 2000 |
6.00 |
May 16, 2000 |
6.50 |
January 3, 2001 |
6.00 |
January 31, 2001 |
5.50 |
March 20, 2001 |
5.00 |
April 18, 2001 |
4.50 |
May 15, 2001 |
4.00 |
June 27, 2001 |
3.75 |
August 21, 2001 |
3.50 |
September 17, 2001 |
3.00 |
October 2, 2001 |
2.50 |
November 6, 2001 |
2.00 |
December 11, 2001 |
1.75 |
November 6, 2002 |
1.25 |
June 25, 2003 |
1.00 |
June 30, 2004 |
1.25 |
August 10, 2004 |
1.50 |
September 21, 2004 |
1.75 |
November 10, 2004 |
2.00 |
December 14, 2004 |
2.25 |
February 2, 2005 |
2.50 |
March 22, 2005 |
2.75 |
May 3, 2005 |
3.00 |
June 30, 2005 |
3.25 |
August 9, 2005 |
3.50 |
September 20, 2005 |
3.75 |
November 1, 2005 |
4.00 |
December 13, 2005 |
4.25 |
January 31, 2006 |
4.50 |
March 28, 2006 |
4.75 |
May 10, 2006 |
5.00 |
June 29, 2006 |
5.25 |
September 18, 2007 |
4.75 |
October 31, 2007 |
4.50 |
December 11, 2007 |
4.25 |
January 22, 2008 |
3.50 |
January 30, 2008 |
3.00 |
March 18, 2008 |
2.25 |
April 30, 2008 |
2.00 |
October 8, 2008 |
1.50 |
October 29, 2008 |
1.00 |
December 16, 2008 |
0 - 0.25 |
December 16, 2015 |
0.25 - 0.5 |
December 14, 2016 |
0.5 - 0.75 |
March 15, 2017 |
0.75 - 1.00 |
June 14, 2017 |
1.00 - 1.25 |
December 13, 2017 |
1.25 - 1.50 |
March 21, 2018 |
1.50 - 1.75 |
June 13, 2018 |
1.75 - 2.00 |
September 26, 2018 |
2.00 - 2.25 |
December 19, 2018 |
2.25 - 2.50 |
July 31, 2019 |
2.00 - 2.25 |
September 18, 2019 |
1.75 - 2.00 |
October 30, 2019 |
1.50 - 1.75 |
March 3, 2020 |
1.00 - 1.25 |
March 15, 2020 |
0 - 0.25 |
March 16, 2022 |
0.25 - 0.50 |
May
4, 2022 |
0.75 - 1.00 |
Date
of Rate Change |
Rate (%) |
June 15, 2022 |
1.50 - 1.75 |
July
27, 2022 |
2.25 - 2.50 |
September
21, 2022 |
3.00 - 3.25 |
November
2, 2022 |
3.75 - 4.00 |
December
14, 2022 |
4.25 - 4.50 |
Date
of Rate Change |
Rate (%) |
February
1, 2023 |
4.50 - 4.75 |
March
22, 2023 |
4.75 - 5.00 |
May
3, 2023 |
5.00 - 5.25 |
July
26, 2023 |
5.25 - 5.50 |
September
18, 2024 |
4.75 - 5.00 |
November
7, 2024 |
4.50
- 4.75
(The Current Target Range for the Fed Funds Rate) |
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The Current U.S. (Fed) Prime Rate is: 7.75%
November 7, 2024: The FOMC
has voted
to lower the
target
range for the fed funds rate to 4.50%
- 4.75%.
Therefore, the United States Prime
Rate is now 7.75%
The next FOMC meeting and decision on short-term
interest rates will be on December 18, 2024.
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Prime Rate |
Current Prime Rate | Prime
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Rate Forecast
Mortgage
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Cards | Life
Insurance | LIBOR
| SITEMAP
Chart:
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Debit Cards | Mortgages
Rates
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